Fundamental divergence coupled with macroeconomic disturbances make it difficult for non-ferrous metals to break out of their range-bound pattern: Summary of views on non-ferrous metals on October 23.
2026-10-23 11:04:25
A summary chart of futures company views: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on October 23. See the chart provided by FX678 for more details. The supply and demand of various non-ferrous metals at the mining end are diverging. Copper, zinc, and tin are supported by raw materials and production cuts, while nickel supply is relatively loose and aluminum capacity is high. Downstream recovery is generally weak, with companies mainly purchasing for immediate needs. Tin benefits from semiconductor expectations, but the realization of these expectations is limited. The US dollar and overseas policies repeatedly disrupt valuations. Amidst the tug-of-war between bulls and bears, the sector lacks a clear unilateral driver and is expected to maintain range-bound trading in the short term, awaiting a fundamental turning point. 
The above content is based on big data analysis and is for reference only, not investment advice. This chart is specially produced by FX678 and is copyrighted.
The above content is based on big data analysis and is for reference only, not investment advice. This chart is specially produced by FX678 and is copyrighted.- Risk Warning and Disclaimer
- The market involves risk, and trading may not be suitable for all investors. This article is for reference only and does not constitute personal investment advice, nor does it take into account certain users’ specific investment objectives, financial situation, or other needs. Any investment decisions made based on this information are at your own risk.
